Storey Drive Community Development District
Agenda January 4, 2024

Agenda

Storey Drive
Community Development District

219 E. Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

December 28, 2023

Board of Supervisors Storey Drive Community Development District

Dear Board Members:

The meeting of the Board of Supervisors of the Storey Drive Community Development District will be held Thursday, January 4, 2024 at 10:00 a.m. at the offices of GMS-CF, 219 E. Livingston Street, Orlando, Florida. Following is the advance agenda for the regular meeting:

Roll Call
Public Comment Period
Organizational Matters
Administration of Oaths of Office to Newly Elected Supervisors
Consideration of Resolution 2024-01 Canvassing and Certifying the Results of the Landowners’ Election
Election of Officers
Consideration of Resolution 2024-02 Electing Officers
Approval of Minutes of the September 7, 2023 Meeting and Acceptance of Minutes of the November 7, 2023 Landowners’ Meeting
Discussion of Actions Related to Repairs of Damage to Pedestrian Bridge
Staff Reports
Attorney
Discussion of Pending Plat Conveyances
Status of Permit Transfers
Engineer
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Other Business
Supervisor’s Requests
Adjournment

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please contact me.

Sincerely,

George S. Flint

George S. Flint District Manager

Cc:	Jan Carpenter, District Counsel Stephen Saha, District Engineer

Enclosures

Section III

Section B

RESOLUTION 2024-01
A RESOLUTION CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNERS’ ELECTION OF THE STOREY DRIVE COMMUNITY DEVELOPMENT DISTRICT HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES
WHEREAS, pursuant to Section 190.006(2), Florida Statute, a landowners’ meeting is required to be held within 90 days of the District’s creation and every two years following the creation of a Community Development District for the purpose of electing three (3) supervisors for the District; and

WHEREAS, following proper notice of once a week for 2 consecutive weeks in a newspaper of general circulation in the area of the District, the last day of such publication to be not fewer than 14 days or more than 28 days before the date of the election, such landowners meeting was held on November 7, 2023, at which the below- recited persons were duly elected by virtue of the votes cast in their respective favor; and

WHEREAS, the Board of Supervisors by means of this Resolution desire to canvas the votes and declare and certify the results of said election;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE STOREY DRIVE COMMUNITY DEVELOPMENT DISTRICT:
The following persons are found, certified, and declared to have been duly elected as Supervisors of and for the District, having been elected by the votes cast in their favor as follows:

Supervisor	# of Votes	Terms	
Teresa Diaz			50		4 Year Term	
Brent Kewley 		50		4 Year Term	
Josh Jochims			49		2 Year Term	

The terms of office shall commence immediately upon the adoption of this Resolution:

Adopted this 4th day of January, 2024.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section D

RESOLUTION 2024-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STOREY DRIVE COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Storey Drive Community Development District (the “District”) is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors of the District (“Board”) desires to elect the Officers of the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE STOREY DRIVE COMMUNITY DEVELOPMENT DISTRICT:

Section 1.		 is elected Chairperson.

Section 2.		 is elected Vice-Chairperson.

Section 3.		 is elected Secretary.

Section 4.		 is elected Assistant Secretary.
	 is elected Assistant Secretary.
	 is elected Assistant Secretary.
	 is elected Assistant Secretary.

Section 5.		 is elected Treasurer.

Section 6.		 is elected Assistant Treasurer.
	 is elected Assistant Treasurer.

Section 7.	This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 4th day of January, 2024.

ATTEST:	STOREY	DRIVE	COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

Minutes

MINUTES OF MEETING STOREY DRIVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Storey Drive Community Development District was held Thursday, September 7, 2023 at 10:00 a.m. at the Offices of GMS- CF, 219 East Livingston Street, Orlando, Florida.

Present and constituting a quorum were:

Adam Morgan	Chairman
Daniel La Rosa	Vice Chairman
Brent Kewley	Assistant Secretary
Teresa Diaz	Assistant Secretary Also present were:
George Flint	District Manager
Kristen Trucco	District Counsel
Alan Scheerer	Field Manager

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll. Four Board members were present constituting a quorum.

SECOND ORDER OF BUSNESS	Public Comment Period
Mr. Flint: Next is public comment period and we just have the Board and staff here so no comments from the public.

THIRD ORDER OF BUSINESS	Approval of Minutes of the August 3, 2023
Meeting
Mr. Flint: Next is approval of your August 3, 2023 minutes. Did the Board have any comments or corrections to those?
Mr. Morgan: They all look correct; I make a motion to accept.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Minutes of the August 3, 2023 Meeting, were approved as presented.

FOURTH ORDER OF BUSINESS	Consideration of Series 2022 Requisition
#9
Mr. Flint: Next item is requisition #9. It’s for Poulos & Bennett. Is there a motion to approve it?
Mr. Morgan: I make a motion.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, Series 2022 Requisition #9, was approved.

FIFTH ORDER OF BUSINESS	Discussion of Sidewalk Issue
Mr. Flint: Item five is discussion of the sidewalk and drainage easement. Kristen, do you want to take this?
Ms. Trucco: Absolutely. I have this map here and I just identified a few areas where basically Lennar had reached out to us and had notified us that there is a little portion of a sidewalk piece that is lying outside of the CDD boundary. The CDD owns and maintains this tract RW1 which is Del Verde Way which is off of International at the entrance of the CDD as well as this stormwater pod that is adjacent to that road too. The issue is that there is a little portion of the sidewalk that connects to the crosswalk that goes over International Drive. It’s outside of the CDD and so is this roadway that is highlighted in red here. As well as the drainage easement that is highlighted in green. Lennar had approached us because originally the plan was for DOA to own and maintain those areas but because the CDD is already maintaining the roadway here and the stormwater tract, there was a question as to whether the CDD could take on the maintenance of those areas as well.
Mr. Morgan: Who at Lennar contacted you? Mr. La Rosa: This is from Brock to Mark.
Mr. Morgan: Oh, Brock Nicolas? Okay, understood. Mr. La Rosa: This is what the request is.
Mr. Morgan: Okay, that’s fine.
Ms. Trucco: I believe he has some interest too in the parcel that’s off of Del Verde. Mr. Morgan: The commercial parcel.
Ms. Trucco: Correct, so he’s going to be constructing some units there.
Mr. Morgan: So, we need to take the CDD, and he obviously needs to own that corner sidewalk.

Mr. La Rosa: This piece here which is actually the bridge that was built with Culvert on the outside and had to jog around the light post. Then there is a little bend up in here, we had to go around the valve box. So, the idea is to take this piece here, this piece here, which is really just the edges I guess or the right-of-way, and then we put a storm drain line in here with inlet here going around here into this pond and back.
Mr. Morgan: So that this parcel could drain?
Mr. La Rosa: So that actually all of these parcels could drain.
Mr. Morgan: Well, this parcel is already tied in. This parcel is already built-up part of phase
1.
Mr. La Rosa: No, this parcel is not built. That’s the commercial parcel. This is the east/west
road and that’s the commercial parcel. Right there. I promise you. There is an apartment complex.
Mr. Morgan: So, the road splits the commercial parcel. Mr. La Rosa: It does. You have apartments going here.
Mr. Morgan: I was not aware of that. I thought this was just the commercial parcel. Ms. Diaz: What does Brock have here?
Mr. Morgan: There are no units off this piece? I could have sworn they put structures in
there.
Mr. La Rosa: There are. We drew two structures. One here and one here on both sides of
the road.
Mr. Morgan: But they are not connected?
Mr. La Rosa: They are connected. They collect here and then go around the back. But these structures and this road was not included as part of the CDD.
Mr. Morgan: And Brock wants it to be included in the CDD.
Mr. La Rosa: Yes, because ultimately, he’s going to have ownership of this here.
Mr. Morgan: So, if this is already built. The drainage easement, he wants the CDD to own that easement as well?
Mr. La Rosa: Correct.
Mr. Morgan: Even though it’s on his commercial property?
Mr. La Rosa: He doesn’t own this commercial property. He just owns this one or is under option for this one here. I believe he is somehow involved with this individual doing the apartment complex. But this is the only piece that he’s actively involved in.

Mr. Morgan: So, this is already built. We’re not having to dig up anything?
Mr. La Rosa: No, we’re not digging anything up. The infrastructure is in the ground, that’s correct.
Mr. Morgan: Then I don’t have a problem with it.
Ms. Trucco: There is a couple of actions for how we go about maintaining property and or owning property outside of the CDD boundary. The CDD can go through the expansion petition process with the city which is cumbersome. It requires a hearing, a petition, etcetera. Or we can approach the city and ask for an interlocal agreement with the city like we’ve recently done with Knightsbridge CDD for permission for the CDD to own and or maintain property outside of the CDD boundary.
Mr. Morgan: What is counsel’s suggestion?
Ms., Trucco: It would be an interlocal agreement. There is also a provision that the CDD would be permitted to maintain property outside its boundary. If there is already some type of development approval or requirement from a local general-purpose government which in this case would be the city, they are probably arguably as maybe something we could rely on, but the safest route is an official interlocal agreement from the city. We don’t foresee that the city will have an objection to that. Like I said, the CDD is already maintaining this roadway. They are already maintaining the sidewalk. There is a little piece that the CDD would take responsibility for as well as we would be maintaining this roadway, the drainage easement that is related to a stormwater tract that the CDD already owns. So, we don’t foresee an issue with the city by taking the interlocal route. Our understanding is that the owner of these two parcels also will be having a plat which will also reflect the CDDs maintenance or potentially ownership of these additional areas too.
Mr. Morgan: I don’t have a problem with the corner sidewalk piece since we are already maintaining the sidewalk. I do have a problem if we’re going to own that road and that easement that we have to pay for it.
Ms. Trucco: And that brings me to my very next point. As part of this idea, we would require some type of cost sharing agreement with the owners of these parcels so that they are paying the CDD the proportion and its share of the benefit they are receiving form the CDD maintaining those areas.
Mr. Morgan: Because that mowing on that easement is not going to be cheap. Mr. Flint: You have the pavement too.

Ms. Trucco: They would be paying their proportionate share. So, when we have done cost sharing agreements before, and adjacent owners will sometimes do a flat fee payment for that, but our recommendation and our preference are some type of percentage of the budget each year we work with the District Engineer and George’s team to determine what percentage represents this roadway, this drainage easement, this little sidewalk, and so on.
Mr. Morgan: Okay, as long as you’re not stuck in the middle.
Mr. La Rosa: I do agree with that. We’ll have to obviously discuss that with the other parties. Keep in mind the uniqueness of this as the funding is…
Mr. Morgan: I understand that.
Mr. La Rosa: And that individual is the individual who is requesting this.
Mr. Flint: The problem is long run you’re going to have other owners in the CDD.
Mr. Morgan: Yeah, other people are going to own that commercial piece or whatever.
Brock is not going to own it. So, we want to make it very clear legally.
Mr. Flint: I’m more worried about the owners within the CDD and down the road. Saying why are we paying 100% of the cost of this road that they are benefitting from.
Mr. Morgan: I think we should move forward with the interlocal agreement if everyone else is in agreement. And then we need to definitely develop some sort of cost share agreement with the other ownership long term so that it is understood that once Brock and his entity no longer owns this stuff…
Ms. Trucco: Okay, so we will run with land it will bind the successors and assigns of this property, anyone who owns the property will be bound to the cost sharing agreement is what you are saying.
Mr. Morgan: I’m all good with that. Is everybody good with that?
Ms. Trucco: From a legal perspective, we would require some type of cost sharing. That would be in the CDD’s best interest.
Mr. Morgan: Do we need action on this?
Ms. Trucco: This is something that was just recently brought to our attention. We wanted to bring it back to the Board and ask for direction and permission for us to start moving forward with contacting the city. Moving forward with tying to work out a cost sharing agreement with the Engineer, GMS, etcetera.
Mr. Morgan: I make a motion to proceed.

On MOTION by Mr. Morgan, seconded by Ms. Diaz, with all in favor, Board Direction for District Counsel to Draft a Cost Sharing Agreement, was approved.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Flint: That was the primary reason why we needed to meet today. Really there is not a lot else on the agenda. Did you have anything else Kristen?
Ms. Trucco: I don’t have anything else.
Mr. La Rosa: I would like to talk about some of the landscaping and what all has been taken over at this point. What hasn’t. When you were in the meeting at our office, we had some, I was under the understanding you were taking care of the eastside Pond #1. We had talked about the landscape buffer into the condos and the townhomes going northwest on the north south side.
Mr. Scheerer: There is a maintenance map that identified what we bid on. Mr. La Rosa: Did we modify that though?
Mr. Scheerer: There was a suggestion to modify the first two parcels as you’re coming in on Del Verde. They are going to be behind the gates. And then the northeast corner which was supposed to have been landscaped is now a parking lot. I believe Brock and Mark and y’all agreed that we should be looking at some point conveying that. I don’t think any of the ownership is in the name of the CDD parcel wise. But that was part of our responsibility. We bid that with Cheery Lake. I was just telling George earlier that the Lisa from your office contacted me and Brock had a desire to keep the same landscape provider. Cherry Lake looked at it and said it's basically not what they do. But they are bidding those three locations as HOA and not CDD. So, at some point we’ll have to deduct it from the CDD and then the Board may be asked at some point to consider a change in provider.
Mr. Morgan: The CDD is already maintaining all of the ponds. Mr. Scheerer: That’s correct. We are doing all four ponds.
Mr. Morgan: So why would there be a question about the east bank of Pond #1?
Mr. La Rosa: It’s actually east bank of Pond #1, east bank of Pond #2 on this side here and then that side. It was not highlighted on that map that you showed.
Mr. Scheerer: Yeah, it was. It was color-coded blue. We recently signed an agreement with Applied Aquatic a couple of months ago. I believe they just started August 1st. Spraying all the invasives and stuff in the pond. So, we are doing all of the ponds. There are a couple of buffers

that take you from the roadway to the pond that have yet to be installed. Once those are done, we will maintain there. There is a green space next to what I guess would be the trash compactor area, that’s going to be CDD.
Mr. La Rosa: Will you guys have maintenance over the fountains? Mr. Scheerer: What fountains?
Mr. Flint: If they are outside of the gate and they are in the CDD right-of-way, yes. Mr. La Rosa: They are in the ponds.
Mr. Scheerer: I didn’t even know we were getting fountains.
Mr. Morgan: I didn’t know we had fountains either. Who is paying for those?
Mr. Flint: A lot of times, because it is typically aesthetics and not water quality, a lot of times we would enter into a license agreement with the POA. I don’t think we have it budgeted.
Mr. Morgan: We only do fountains where we pay for them and buy them and then we maintain them. Like at Championsgate. If someone else is installing the fountains, we don’t maintain them.
Mr. Flint: If a developer installs it, if it was part of the development, we may take it over like we do other infrastructure.
Mr. La Rosa: Well, it creates an element of aerification on the ponds. Mr. Flint: It does. There could be an argument made for that.
Mr. La Rosa: This would assist with that. I don’t care either way. I was more asking the question. If not, it’s just going to go to HOA.
Mr. Flint: We could do it either way you want to do it.
Mr. Morgan: I would prefer if it went to the HOA. Personally.
Ms. Trucco: We own the ponds. Then we would need a license agreement.
Mr. Scheerer: We’re doing Vanguard too, just so you know. I know there was a brief conversation about the sidewalk.
Mr. Morgan: Oh, outside the wall?
Mr. Scheerer: Outside the wall. Were they talking about getting rid of all the landscaping on that sidewalk? Between Del Verde and Vanguard? I thought there was a conversation about that in a meeting.
Mr. La Rosa: That was kind of two separate conversations. One was on the inside of the wall in regard to the back of the wall and how the water draining around back pools. And then

what’s on the other side, there’s a strip and it’s like 18 inches between the wall and the edge of the sidewalk and then you have the little knee wall down at the end towards Vanguard. We had slatted to just but bahia out there. You know, there’s no irrigation so it would have to be unirrigated bahia. There was some disagreement on that. Could we just plant something that’s minimal maintenance that kind of looks better against the wall? I have yet to hear from Baseline’s representative who was going to reach out to me with their options for what they want. Once they do, I’ll let you know. Mr. Scheerer: Any of those changes we’ll definitely have to go back to the landscape provider and adjust our contract. I don’t think that will make a difference there between Del Verde.
All you are doing is trimming the grasses and keeping the weeds out of them. That’s all you’re doing.
Mr. Flint: On the fountains, let us know what you want to do. If the HOA is going to do it, we would just want a license agreement with the HOA which authorizes them to have it in the pond and requires them to maintain it and pay the electric. Otherwise, if the CDD is going to do it we just need to be able to plan for it.
Mr. Scheerer: Estimated cost for electrical for the seven and a half horses we’ve installed are between $450 and $500.
Mr. Flint: It’s $500 a month.
Mr. La Rosa: My general thought is that it’s easier if the CDD does it. But when does the new budget come up? Next year?
Mr. Morgan: It just came up. We just passed it.
Mr. Flint: It starts October 1. Is there going to be any extra money in there? Are we maintaining everything?
Mr. Scheerer: We’re not maintaining everything yet.
Mr. La Rosa: We’re only talking about two of the four ponds that are getting fountains

here.

Mr. Scheerer: Are you doing the front two?
Mr. La Rosa: Two in the front. One on each side. We’re doing one in the back. Not the one

behind the amenity.
Mr. Scheerer: The one in the very middle. Yeah. Mr. Morgan: You said it cost about $500 a month? Mr. Scheerer: In electric, yeah.

Mr. Flint: And then the maintenance of it.
Mr. Scheerer: Then whatever maintenance. Whoever your installer is, you’re probably going to want to enter into some sort of a…
Mr. Morgan: Yeah, once a year maintenance.
Mr. Scheerer: Yeah. I’m assuming they’re all going to have an LED light package on them, so they look pretty. Probably seven and a half horse, five horse. Depends on the size of the pond.
Mr. Morgan: Tell Baseline that we’ll incorporate it in the CDD.
Mr. La Rosa: That’s fine. They didn’t bring it up, I was just thinking of it because we were talking about pond maintenance.
Mr. Scheerer: Any timeframe on that? Six months from now? Ms. Diaz: Probably four weeks or six weeks.
Mr. La Rosa: We’ve ordered the power drops for them; we’re just waiting on those to be permitted.
Mr. Scheerer: HOA. Now, there was conversation in our meeting that they would like eventually those streetlights to go to the CDD.
Mr. Flint: It would be unusual. Usually whoever owns the roads does the streetlights. Mr. Morgan: We own the roads, right?
Mr. Flint: No. We own it up to the gatehouse. So, any lights on that first stretch, hopefully it’s a separate agreement. That would make sense to be with the CDD up to the gatehouse.
Mr. La Rosa: How did you separate the irrigation. We had talked about this a while back. Actually, we talked about this, George. We talked about how we were going to break up the landscape. The power bill. The water bill. There are only four master readers. Four or five.
Ms. Diaz: Five.
Mr. La Rosa: Five master readers. And we gave an acreage GPM to OUC. They came up with a number. We’ve already been hit with a massive bill. Fifty something thousand dollar. Because it’s running everything. Those five run everything. And we had talked early on about how we could separate out what portion of that power. Right now, they're still sitting in our name. We're switching them to the HOA's name because Brock would then have the deficit fund. Essentially that, which he should be doing it should be in his name. But is there going to be a portion of it? Because that does feed the whole outside buffer. It feeds the buffer in-between the condo. So, it’s a weird combination.

Mr. Morgan: Just break out one meter.
Mr. Flint: If there’s a way to split the meter, then we can do that.
Mr. La Rosa: We could do that, but we also have a mathematical calculation exactly how much goes over what percentage of acreage.
Mr. Scheerer: Make sure you send it to George and myself so we both see it. Mr. Morgan: What about the guard shack. Is it done?
Mr. Scheerer: Yes.
Mr. Morgan: It’s done. It’s sealed. So, have we finished the landscaping around the guard

shack?

Mr. Flint: That’s going to be HOA.
Mr. Morgan: The guard shack was going to be HOA but wasn’t there discussion at the last

meeting about the landscape was going to be us?
Ms. Trucco: There was, but I think that went to the HOA. Mr. Flint: The guard house got moved onto…
Mr. Morgan: Correct. And I remember that. But then I thought the landscape was going to

be…

Mr. La Rosa: The HOA wanted that landscape. Mr. Morgan: So, we gave it to the HOA.
Mr. Scheerer: We’re just doing Del Verde. We have minimal landscaping other than

Vanguard.
Mr. Flint: On the irrigation, the CDD and HOA would enter into an agreement. A cost share. And then it would probably be the HOA would monthly send us a bill based on their bill and whatever percentage of we were obligated to pay. And whether we have to do it on irrigatable area or we can actually submeter and do it on actual usage. We’ve done it both ways, it really depends on how the system is designed and all that.
Mr. La Rosa: Submeter is going to be difficult with OUC. Mr. Morgan: So just do the percentage.
Mr. La Rosa: Percent because it’s all common. This would be the most logical case for this particular community. Because there is no private. It’s all common. If you think about it in the grand scheme of things, between HOA, condo, and CDD it’s essentially all common. So, the percentage I think makes the most sense.

Mr. Flint: And the other argument would be since it’s all the same people paying it, do we even need to split it up.
Mr. La Rosa: Probably not right now. But to speaking of long-term future, who knows how the buyer bifurcates breaks this apart, sells it to other entities. I don't know what his agreements look like but he's operating under the assumption that he's paying all bills on both sides. Condo, HOA and CDD, he's paying all the bills. I just want to make sure for the integrity of this group of the CDD, the governing board that I's are dotted, t's are crossed, everything's done legit and by the book in case there is a future owner that then would want to come back and audit. And why did you guys take on a percentage of this and why am I paying this whole thing?
Mr. Flint: Yeah, because we’ve lived that in two Pulte communities. Winsor at Westside. Mr. Morgan: Was that fun.
Mr. Flint: When the HOA got turned over, we we’re one big happy family anymore. So, we want to get an agreement in place. Whether we reach an agreement and involves the CDD paying something or not I think we need to document whatever it is.
Mr. Morgan: So, Teresa, you already have the percentage map. Ms. Diaz: Yes.
Mr. Morgan: Can you forward that to me and George and Alan? Ms. Diaz: Yes, I will.
Mr. Flint: And we’ll get it to you Kristen. And I can give you a couple of examples. Ms. Trucco: Okay perfect. That will save on time.
Mr. Morgan: And let’s get this done.
Mr. La Rosa: Now is the time to do it while the buyer is actively engaged with us. Mr. Morgan: I agree. Let’s get it done.

Engineer
There being no comments, the next item followed.

District Manager’s Report
Approval of Check Register
Mr. Flint: We’ve got the District manager’s report. You have the check register from July 27th through September 1st for $18,343.30. Were there any questions on the check register? If not is there a motion to approve it?

On MOTION by Mr. Morgan, seconded by Ms. Diaz, with all in favor, the Check Register, was approved.

Balance Sheet and Income Statement
Mr. Flint: You have the unaudited financials through August 31st. Mr. Morgan: What is $2 in miscellaneous revenue?
Mr. Flint: Probably interest earnings.
Mr. Morgan: Oh, okay. That makes sense. Looking through this, the construction fund has been completely exhausted. Is that correct?
Mr. Flint: This as of August 31st it shows there is $20,000 in there. $20,424.
Mr. Morgan: Should we just leave it as a contingency fund? Or should we try to stick it somewhere?
Mr. Scheerer: Put it in the budget and we can use it to pay for fountains.
Mr. Morgan: Well, that is true. You could leave it in there for the fountain or whatever. Mr. La Rosa: I would love to pull that over and switch it off. That would be wonderful. Mr. Morgan: Teresa, can we find $20,000 somewhere to pay for something?
Mr. La Rosa: Transfer the fountain straight over. Mr. Morgan: You mean pay for them?
Mr. La Rosa: Yeah. We haven’t paid for them yet.
Mr. Morgan: So, we’re splitting the cost of the fountains with Brock, 50%? Is that what you just said?
Mr. La Rosa: No, we had to do a 50% deposit to get it installed. It currently resides in 100% in the LD budget.
Mr. Morgan: Do we have a budget for that fountain? Mr. La Rosa: Yes.
Mr. Morgan: Can you send it to me? Then I’ll coordinate with…who would I coordinate with, Steven? On a requisition.
Mr. Flint: Get it to us. And then Steven will have to sign it.
Mr. Morgan: So, if you get me the budget proposals for the fountains, and then we will go ahead and do that and get that 20 grand involved.
Mr. Scheerer: A not to exceed $20,000.

Mr. Flint: It would be easier if you paid for it and then we reimbursed you. Once you pay for it then we’ll reimburse you. The cost is going to exceed what we have but we’ll just pay out the balance.
Mr. Morgan: Alright, good. How about conveyances? I’m sorry George, I interrupted your
report.
Mr. Flint: No, I’m good.

SEVENTH ORDER OF BUSINESS	Other Business
Discussion of Pending Plat Conveyances
Status of Permit Transfers
Mr. Morgan: How about conveyances? Are we all good?
Ms. Trucco: I need to get with Steven because I was waiting. I think he was cleaning up the requisition, so I wanted conformation from him on that before we recorded the deeds. But I have Lennar’s signature on that. Actually, before the meeting I printed out the plats. I’m going to review all the plats and make sure we have all the tracts that we are intended to own and maintain for the recorded plats. Then I’ll make any revisions to those conveyance documents that were already signed and get approval on that before recording them.
Mr. Morgan: Okay.
Mr. Scheerer: We’ll need to look at those too. The little buffer areas just inside on Del Verde. I don’t know what the name of that first street is on the right. Those two little pieces that are now inside the gate. We’re going to have to look at those.
Mr. La Rosa: As well as the buffer tracts between the townhomes and the condos. Mr. Scheerer: This little tract here and this tract here. Right?
Mr. La Rosa: Yeah, that’s correct. But then there is also a landscape buffer that runs right through here. These are your condo buildings and there is a landscape buffer that’s running there and one on the other side. You have those currently and you’re keeping those, right?
Mr. Scheerer: That’s my understanding, yes sir.
Ms. Trucco: We just need to make sure that we have recorded…
Mr. Flint: One side is in a tract that we own and the other side we were maintaining through an agreement.
Mr. Scheerer: With the HOA.

Ms. Trucco: Oh, that’s right. So, let me look at that and I’ll circle back with George and Lennar’s team and then we’ll record anything else that we need to record to memorialize our ownership.
Mr. Morgan: As this construction is narrowing down and we’re starting to close all the homes, I just want to make sure that whatever is supposed to be documented is documented because like Dan said, as soon as the last of them closes, Brock is probably going to start flipping these properties and it’s going to be chaos. And I want everything taken care of before the chaos hits.
Ms. Trucco: Got it.
Mr. La Rosa: There is landscaping that still needs to be done at this point.
Mr. Morgan: I know. But I don’t want this to be dragging out for six or seven months.
Mr. La Rosa: I agree. Any agreements that need to be signed, cost sharing or otherwise needs to be done.
Mr. Scheerer: This is just a crude map I did basically outlining the areas. The two easements here and then this is the green space that Mark gave us that George was referring to. And the parking lot which is right here. That’s the parking lot. And that’s the map the HOA has. I sent that to Lisa. So, she has it, so the Atriums folks have it. These are some of the areas we just have to make sure. That was the intent of the meeting, that those go to HOA and get removed from the CDD so they can just deed that property over to them.
Mr. La Rosa: Open seats. I know that they have not closed and I believe that they are looking to acquire at least one or two seats on this Board. Where are we going to be at in that?
Mr. Flint: In November, you have three seats that are up. Josh, Brent, and Teresa’s. Your two seats are in November of 2025. So, you could either wait until the landowner election in November and make a change or someone would need to resign to appoint somebody else.
Mr. La Rosa: If they press the issue, we could probably get Josh and Brent off. Sorry, buddy. Because I would want the project manager to stay on and then myself as well. If he pushes the issue or brings it up to me again, I’ll let him know.
Mr. Morgan: The calendar period has already come up?
Mr. Flint: Yeah, you have a landowner election every two years.
Mr. Morgan: I know but I thought it was five years or a certain amount of votes.

Mr. Flint: No, these are landowner seats. So, it’s a landowner election. We’d have six years and 250 for the general election. So, whoever the landowners are would elect those three seats at that point.

EIGHTH ORDER OF BUSINESS	Supervisor’s Requests
There being no comments, the next item followed.

NINTH ORDER OF BUSINESS	Adjournment
Mr. Flint asked for a motion to adjourn the meeting.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

MINUTES OF MEETING STOREY DRIVE
COMMUNITY DEVELOPMENT DISTRICT

The Landowners’ meeting of the Storey Drive Community Development District was held Tuesday, November 7, 2023 at 10:00 a.m. at the Offices of GMS-CF, 219 East Livingston Street, Orlando, Florida.

Present were:

Adam Morgan George Flint

FIRST ORDER OF BUSINESS	Determination of Number of Voting Units
Represented
Mr. Flint: I have been provided with a proxy signed by Mark McDonald as the authorized representative of the landowner naming Mr. Adam Morgan as the proxy holder. It represents 178 authorized votes.

SECOND ORDER OF BUSNESS	Call to Order
Mr. Flint: We will go ahead and call to order the Landowner’s meeting.

THIRD ORDER OF BUSINESS	Election of Chairman for the Purpose of
Conducting Landowners’ Meeting
Mr. Flint: Mr. Morgan, for purposes of running the Landowner’s meeting would you designate me as the Chair?
Mr. Morgan: Yes.

FOURTH ORDER OF BUSINESS	Nominations	for	the	Positions	of
Supervisor
Mr. Flint: Mr. Morgan has provided me with his ballot nominating Brent Kewley, Josh Jochims, and Teresa Diaz. Are there any other nominations, Mr. Morgan?
Mr. Morgan: That is all at this time.

FIFTH ORDER OF BUSINESS	Casting of Ballots

November 7, 2023	Storey Drive CDD

Mr. Flint: We will close the floor to nominations and cast ballots based on the ballot provided by Mr. Morgan.

SIXTH ORDER OF BUSINESS	Ballot Tabulation
Mr. Flint: Mr. Morgan casted 50 votes for Mr. Kewley, 50 votes for Ms. Diaz and 49 votes for Mr. Jochims. Mr. Kewley and Ms. Diaz will serve four-year terms and Mr. Jochims will serve a two-year term.

SEVENTH ORDER OF BUSINESS	Landowners Questions and Comments
There being no comments, the next item followed.

EIGHTH ORDER OF BUSINESS	Adjournment
Mr. Flint: At this time we will adjourn the landowners’ meeting.

2

Section V

••

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I

Authorization to Proceed

Date: 	D_e_ce_m_b_e_r_19"""'''"""2;;.;;0=2..;;..3	 _	ATP#: -------'-1..;;..30=----=2..;;..3	_

Job Name: Storey Drive

Job  Number: -'T-=B;.;:D'

Company: Lennar Homes, LLC	Attention: Dan LaRosa

 6675 Westwood Blvd. 5th Floor	

 Orlando, FL 32827	

**If acceptable, please sign the authorization below and an invoice will be issued accordingly

Description: I. SITE WORK
a) demo & rebuild existing retaining wall	1	LS	18,000.00		$18,000.00	
b) remove & replace sidewalk and handrail	15	LF	414.92		$6,223.80	
					
			TOTAL ...	$24,223.80	

					
••* Notes ***	
 prices are subject to change on materials, fuel, aggregate, etc. Due to market volatility from unforeseen natural disasters, pandemics, and/or tariffs. If required, The Briar Team reserves the right to adjust costs of fuel, supplies and subcontractors with sufficient overhead during the duration of the project.
 pricing is valid for 15 days.

Authorization to Proceed Signature:

Printed Name and Title: 	:_:K,<:_yl.::.e.:_H,..,,o""lle:c.YL!...,.=Dc::.ir.::.ec::.:t.::.or:....;o::.:f. ::O:c..1P::..::e:.:..;ra::.:t::..::ioc:..:n.::.s	

4570 Orange Boulevard • Sanford, FL 32771 • 407-321-2773 State Certified Underground Utility Contractor #CUC057145

Orig. 5/05

Section VI

Section C

Section 1

Storey Drive
Community Development District
Summary of Invoices

September 1, 2023 - December 27, 2023

Fund	Date	Check No.'s	Amount	
General Fund	
9/13/23	
101-102	
$	12,081.44	
	9/20/23	103-104	5,756.71	
	9/27/23	105	1,041.00	
	10/18/23	106-108	1,147.00	
	11/1/23	109-112	19,539.84	
	11/15/23	113-115	13,082.05	
	11/30/23	116	165.00	
	12/21/23	117-120	14,347.72	
			$	67,160.76	
Payroll	
September 2023			
	Adam Morgan	50047	$	184.70	
	Brent Kewley	50048	$	184.70	
	Teresa Diaz	50049	$	184.70	
			$	554.10	
	TOTAL		$ 67,714.86	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
9/13/23 00011	9/05/23 109939	202309 320-53800-46200	*	8,066.00
LANDSCAPE MAINT SEP23
CHERRYLAKE INC	8,066.00 000101

9/13/23 00001	9/01/23	
	9/01/23	
	9/01/23	
	9/01/23	
	9/01/23	
	9/01/23	
	9/01/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
44	202309 310-51300-34000	*	2,916.67
MANAGEMENT FEES SEP23
44	202309 310-51300-35200	*	66.67
WEBSITE ADMIN SEP23
44	202309 310-51300-35100	*	108.33
INFORMATION TECH SEP23
44	202309 310-51300-31300	*	291.67
DISSEMINATION FEE SEP23
44	202309 310-51300-51000	*	.27

202309 310-51300-42000	*	5.67	
202309 310-51300-42500	*	.60	

OFFICE SUPPLIES 44
POSTAGE 44
COPIES
9/01/23 45	202309 320-53800-12000	*	625.00
FIELD MANAGEMENT SEP23
9/01/23 45A	202308 310-51300-42000	*	.56 USPS-941 FORMS TO IRS
GOVERNMENTAL MANAGEMENT SERVICES	4,015.44 000102
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/20/23 00004	8/29/23 19229	202309 300-15500-10000	*	5,590.00
FY24 GEN.LIAB/PUBLIC OFFC
EGIS INSURANCE & RISK ADVISORS	5,590.00 000103
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/20/23 00010	9/17/23 09172023 202309 300-20700-10000	*	166.71
FY23 SPCL ASMNT SER2022
STOREY DRIVE CDD C/O USBANK	166.71 000104
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/27/23 00002	9/05/23 120690	202308 310-51300-31500	*	1,041.00

	LATHAM, LUNA, EDEN & BEAUDINE,	LLP											1,041.00	000105	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	- -	-	-	-	-	-	-	- - - -	- - - - -	- - -	
10/18/23 00014	9/30/23 214567	202309 320-53800-47000				*							685.00			
	AQUATIC	PLANT MGMT SEP23														
		APPLIED AQUATIC MANAGEMENT INC												685.00	000106	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	- -	-	-	-	-	-	-	- - - -	- - - - -	- - -	
10/18/23 00005	10/02/23 89440	202310 310-51300-54000				*							175.00			

MTG/PROP.IMPRVE/SDWLK OWN

FY24 SPECIAL DISTRICT FEE

DEPARTMENT OF ECONOMIC OPPORTUNITY	175.00 000107

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/18/23 00003	9/22/23 80112727 202309 310-51300-48000	*	287.00
NOT.OF FY24 MEETING DATES
ORLANDO SENTINEL	287.00 000108
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
STCD STOREY DRIVE	TVISCARRA

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
11/01/23 00014 10/31/23 215174	202310 320-53800-47000	*	685.00
AQUATIC PLANT MGMT OCT23
APPLIED AQUATIC MANAGEMENT INC	685.00 000109
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/01/23 00011 10/09/23 111121	202310 320-53800-46200	*	8,066.00
LANDSCAPE MAINT OCT23
CHERRYLAKE INC	8,066.00 000110

11/01/23 00001	9/30/23	
	10/01/23	
	10/01/23	
	10/01/23	
	10/01/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
48	202310 310-51300-31700	*	5,250.00
FY24 ASSESSMENT ROLL CERT
46	202310 310-51300-34000	*	3,062.50
MANAGEMENT FEES OCT23
46	202310 310-51300-35200	*	100.00
WEBSITE ADMIN OCT23
46	202310 310-51300-35100	*	150.00
INFORMATION TECH OCT23
46	202310 310-51300-31300	*	291.67
DISSEMINATION FEE OCT23
10/01/23 46	202310 310-51300-51000	*	.24
OFFICE SUPPLIES
10/01/23 46	202310 310-51300-42000	*	4.58
POSTAGE
10/01/23 46	202310 310-51300-42500	*	31.05
COPIES
10/01/23 47	202310 320-53800-12000	*	656.25
FIELD MANAGEMENT OCT23
GOVERNMENTAL MANAGEMENT SERVICES	9,546.29 000111
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/01/23 00002 10/05/23 121740	202309 310-51300-31500	*	1,242.55
RDWY/DRAIN EASE/INTERLOC
LATHAM, LUNA, EDEN & BEAUDINE, LLP	1,242.55 000112
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/15/23 00011 11/10/23 112557	202311 320-53800-46200	*	8,066.00
LANDSCAPE MAINT NOV23
CHERRYLAKE INC	8,066.00 000113
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/15/23 00001 11/01/23 49	202311 310-51300-34000	*	3,062.50
MANAGEMENT FEES NOV23
11/01/23 49	202311 310-51300-35200	*	100.00
WEBSITE ADMIN NOV23
11/01/23 49	202311 310-51300-35100	*	150.00
INFORMATION TECH NOV23
11/01/23 49	202311 310-51300-31300	*	291.67
DISSEMINATION FEE NOV23
11/01/23 49	202311 310-51300-51000	*	.09
OFFICE SUPPLIES
STCD STOREY DRIVE	TVISCARRA

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

202311	310-51300-42000	*	49.44	
202311	310-51300-42500	*	21.60	
202311	320-53800-12000	*	656.25	

11/01/23 49
POSTAGE 11/01/23 49
COPIES 11/01/23 50
FIELD MANAGEMENT NOV23
GOVERNMENTAL MANAGEMENT SERVICES	4,331.55 000114
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/15/23 00003 10/24/23 82001267 202310 310-51300-48000	*	684.50
NOT.LNDOWNER/ELECT 11/07
ORLANDO SENTINEL	684.50 000115
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/30/23 00007 11/27/23 19-060(8 202310 310-51300-31100	*	165.00
ATTEND CDD MEETING
POULOS & BENNETT LLC	165.00 000116
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/21/23 00014 11/30/23 215974	202311 320-53800-47000	*	685.00
AQUATIC PLANT MGMT NOV23
APPLIED AQUATIC MANAGEMENT INC	685.00 000117
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/21/23 00011 12/13/23 113832	202312 320-53800-46200	*	8,066.00
LANDSCAPE MAINT DEC23
CHERRYLAKE INC	8,066.00 000118

12/21/23 00001	12/01/23	
	12/01/23	
	12/01/23	
	12/01/23	
	12/01/23	
	12/01/23	
	12/01/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
51	202312 310-51300-34000	*	3,062.50
MANAGEMENT FEES DEC23
51	202312 310-51300-35200	*	100.00
WEBSITE ADMIN DEC23
51	202312 310-51300-35100	*	150.00
INFORMATION TECH DEC23
51	202312 310-51300-31300	*	291.67
DISSEMINATION FEE DEC23
51	202312 310-51300-51000	*	.12
OFFICE SUPPLIES
51	202312 310-51300-42000	*	2.52
POSTAGE
51	202312 310-51300-42500	*	7.20
COPIES
12/01/23 52	202312 320-53800-12000	*	656.25
FIELD MANAGEMENT DEC23
12/01/23 52A	202310 310-51300-42000	*	.46 USPS-3RD QTR 2023 941FORM
GOVERNMENTAL MANAGEMENT SERVICES	4,270.72 000119
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/21/23 00002 11/15/23 122240	202310 310-51300-31500	*	1,326.00
INTERLOC AGR/DRAIN SYSTEM
LATHAM, LUNA, EDEN & BEAUDINE, LLP	1,326.00 000120
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	67,160.76 STCD STOREY DRIVE	TVISCARRA

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

TOTAL FOR REGISTER	67,160.76

STCD STOREY DRIVE	TVISCARRA

Section 2

Storey Drive
Community Development District

Unaudited Financial Reporting
November 30, 2023

TABLE OF CONTENTS

1	BALANCE SHEET

2	GENERAL FUND INCOME STATEMENT

3	DEBT SERVICE FUND SERIES 2022

4	CAPITAL PROJECTS FUND SERIES 2022

5	MONTH TO MONTH

6	DEVELOPER CONTRIBUTION SCHEDULE

7	LONG TERM DEBT SUMMARY

8	FY24 ASSESSMENT RECEIPT SCHEDULE

9	CONSTRUCTION SCHEDULE SERIES 2022

Balance Sheet November 30, 2023

	General Fund	Debt Service Fund	Capital Projects Fund	Totals Governmental Funds	
Assets:
Cash - Truist Bank Investments: Series 2022
Reserve Revenue Construction
Due From Developer	
$	12,129

$	-
$	-
$	-
$	54,746	
$	-

$	268,106
$	189,321
$	-
$	-	
$	-

$	-
$	-
$	23,191
$	-	
$	12,129

$	268,106
$	189,321
$	23,191
$	54,746	
Total Assets	$	66,875	$	457,427	$	23,191	$	524,302	

Liabilities:
Accounts Payable	

$	2,011	

$	-	

$	-	

$	2,011	
Total Liabilities	$	2,011	$	-	$	-	$	2,011	

Fund Balances:
Restricted For Debt Service Assigned For Capital Reserves Unassigned	

$	-
$	-
$	64,864	

$	457,427
$	-
$	-	

$	-
$	23,191
$	-	

$	457,427
$	23,191
$	64,864	
Total Fund Balances	$	64,864	$	457,427	$	23,191	$	545,482	
					
Total Liabilities & Fund Equity	$	66,875	$	457,427	$	23,191	$	547,493	

General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending November 30, 2023

Adopted	Prorated Budget	Actual	
Budget	Thru 11/30/23	Thru 11/30/23	Variance	

Revenues:		
Special Assessments	$	313,137	$	-	$	-	$	-	
Total Revenues	$	313,137	$	-	$	-	$	-	

Expenditures:					
Administrative:					
Supervisor Fees	$	12,000	$	2,000	$	-	$	2,000	
FICA Expense	$	918	$	153	$	-	$	153	
Engineering Fees	$	12,000	$	2,000	$	165	$	1,835	
Attorney	$	25,000	$	4,167	$	1,326	$	2,841	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	3,500	$	583	$	583	$	(0)	
Annual Audit	$	3,600	$	-	$	-	$	-	
Trustee Fees	$	5,000	$	-	$	-	$	-	
Assessment Administration	$	5,250	$	5,250	$	5,250	$	-	
Management Fees	$	36,750	$	6,125	$	6,125	$	-	
Information Technology	$	1,800	$	300	$	300	$	-	
Website Maintenance	$	1,200	$	200	$	200	$	-	
Telephone	$	75	$	13	$	-	$	13	
Postage	$	500	$	83	$	54	$	29	
Insurance	$	5,915	$	5,915	$	5,590	$	325	
Printing & Binding	$	500	$	83	$	53	$	31	
Legal Advertising	$	2,835	$	473	$	685	$	(212)	
Other Current Charges	$	600	$	100	$	-	$	100	
Office Supplies	$	150	$	25	$	0	$	25	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total Administrative:	$	118,218	$	27,645	$	20,506	$	7,138	
Operations & Maintenance					
Field Operations	$	7,875	$	1,313	$	1,313	$	-	
Property Insurance	$	5,000	$	5,000	$	-	$	5,000	
Electric	$	3,500	$	583	$	-	$	583	
Water & Sewer	$	20,000	$	3,333	$	-	$	3,333	
Landscape Maintenance	$	134,304	$	22,384	$	16,132	$	6,252	
Landscape Contingency	$	2,500	$	417	$	-	$	417	
Irrigation Repairs	$	2,500	$	417	$	-	$	417	
Lake Maintenance	$	8,220	$	1,370	$	1,370	$	-	
Pressure Washing	$	5,000	$	833	$	-	$	833	
Repairs & Maintenance	$	3,520	$	587	$	-	$	587	
Contingency	$	2,500	$	417	$	-	$	417	
Total Operations & Maintenance:	$	194,919	$	36,653	$	18,815	$	17,839	
					
Total Expenditures	$	313,137	$	64,298	$	39,321	$	24,977	
					
Excess Revenues (Expenditures)	$	-		$	(39,321)		
					
Fund Balance - Beginning	$	-		$	104,185		
					
Fund Balance - Ending	$	-		$	64,864		

Storey Drive
Community Development District Debt Service Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending November 30, 2023

Adopted	Prorated Budget	Actual	
Budget	Thru 11/30/23	Thru 11/30/23	Variance	

Revenues:		
Special Assessments	$	536,213	$	-	$	-	$	-	
Interest	$	12,000	$	2,000	$	3,657	$	1,657	
Total Revenues	$	548,213	$	2,000	$	3,657	$	1,657	

Expenditures:					
Series 2022
Interest - 12/15	
$	166,581	
$	-	
$	-	
$	-	
Principal - 06/15	$	205,000	$	-	$	-	$	-	
Interest - 06/15	$	166,581	$	-	$	-	$	-	
Total Expenditures	$	538,163	$	-	$	-	$	-	

Other Sources/(Uses)					
Transfer In/(Out)	$	(4,980)	$	(830)	$	(2,149)	$	1,319	
Total Other Financing Sources (Uses)	$	(4,980)	$	(830)	$	(2,149)	$	1,319	
					
Excess Revenues (Expenditures)	$	5,071		$	1,508		
					
Fund Balance - Beginning	$	200,763		$	455,920		
					
Fund Balance - Ending	$	205,834		$	457,427		

Storey Drive
Community Development District Capital Projects Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending November 30, 2023

	Adopted		Prorated Budget	Actual		
		Budget		Thru 11/30/23	Thru 11/30/23	Variance	
Revenues:							
Interest	$		-	$		-	$	181	$	181	
Total Revenues	$		-	$		-	$	181	$	181	

Expenditures:

Capital Outlay	

$		

-	$		

-	$	-	

$	-	
Total Expenditures	$		-	$		-	$	-	$	-	

Other Sources/(Uses)							
Transfer In/(Out)	$		-	$		-	$	2,149	$	(2,149)	
Total Other Financing Sources (Uses)	$		-	$		-	$	2,149	$	(2,149)	
							
Excess Revenues (Expenditures)	$		-		$	2,330		
							
Fund Balance - Beginning	$		-		$	20,860		
							
Fund Balance - Ending	$		-		$	23,191		

Storey Drive
Community Development District Month to Month
Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Total	
Revenues:

Assessments	$	-	$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	
Interest	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Total Revenues	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	

Expenditures:

Administrative:
Supervisor Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
FICA Expense	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Engineering Fees	$	165  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	165	
Attorney	$	1,326  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,326	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Dissemination	$	292  $	292	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	583	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Assessment Administration	$	5,250  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,250	
Management Fees	$	3,063  $	3,063	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	6,125	
Information Technology	$	150  $	150	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	300	
Website Maintenance	$	100  $	100	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	200	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Postage	$	5	$	49	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	54	
Insurance	$	5,590	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,590	
Printing & Binding	$	31	$	22	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	53	
Legal Advertising	$	685	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	685	
Other Current Charges	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Office Supplies	$	0	$	0	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	0	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	175	
Total Administrative:	$	16,831	$	3,675	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	20,506	

Operations & Maintenance
Field Operations	

$	656	

$	656	

$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,313	
Property Insurance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Electric	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Water & Sewer	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Landscape Maintenance	$	8,066	$	8,066	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	16,132	
Landscape Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Irrigation Repairs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Lake Maintenance	$	685	$	685	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,370	
Pressure Washing	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Total Operations & Maintenance:	$	9,407	$	9,407	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	18,815	
				
Total Expenditures	$	26,238	$	13,083	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	39,321	
				
Excess Revenues (Expenditures)	$	(26,238)	$	(13,083)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	(39,321)	

Storey Drive
Community Development District Developer Contributions/Due from Developer

Funding
Request	Prepared
Date	Payment
Received	Check
Amount	Total
Funding	General
Fund	General
Fund	Due
from	Over and
(short)	
#	Date	Request	Portion (22)*	Portion (23)	Capital	Balance Due	

12	8/26/22	9/7/22	$	5,375.00	$	5,375.00	$	-	$	5,375.00	$	-	$	-	
13	9/14/22	10/20/22	$	10,022.09	$	10,022.09	$	5,022.09	$	5,000.00	$	-	$	-	
1	10/27/22	11/15/22	$	7,962.19	$	7,962.19	$	3,509.00	$	4,453.19	$	-	$	-	
2	9/1/23			$	40,450.06	$	-	$	40,450.06	$	-	$	40,450.06	
3	10/28/23			$	14,295.99	$	-	$	14,295.99	$	-	$	14,295.99	
Due from Developer	$	23,359.28	$	78,105.33	$	8,531.09	$	69,574.24	$	-	$	54,746.05	

Total Developer Contributions FY23	 $	69,574.24 

*Total amount in FY22 column does not reflect amounts from FY22 FR# 1-11.

Storey Drive
Community Development District Long Term Debt Report

SERIES 2022, SPECIAL ASSESSMENT BONDS	
INTEREST RATES:	2.550%, 3.000%, 3.250%, 4.000%		
MATURITY DATE:
RESERVE FUND DEFINITION RESERVE FUND REQUIREMENT	6/15/2052
50% OF MAXIMUM ANNUAL DEBT SERVICE
$268,106		
RESERVE FUND BALANCE	$268,106		
BONDS OUTSTANDING - 1/27/22		$9,710,000	
LESS: PRINCIPAL PAYMENT - 06/15/23		($200,000)	
CURRENT BONDS OUTSTANDING		$9,510,000	

Storey Drive
COMMUNITY DEVELOPMENT DISTRICT

	Gross Assessments	$	333,124.78	$	570,436.58	$	903,561.36	
	Net Assessments	$	313,137.29	$	536,210.39	$	849,347.68	
ON ROLL ASSESSMENTS		
36.87%	
63.13%	
100.00%	

Special Assessment Receipts Fiscal Year 2024

Date	
Distribution	
Gross Amount	
Commissions	
Discount/Penalty	
Interest	
Net Receipts	
O&M Portion	2022 Debt Service Asmt	
Total	

12/19/23	
6	
$756,901.59	
$110.04	
$30,276.14	
$541.88	
$727,057.29	
$268,051.30	
$459,005.99	
$727,057.29	
						$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	
	TOTAL	$	756,901.59	$	110.04	$	30,276.14	$	541.88	$	727,057.29	$	268,051.30	$	459,005.99	$	727,057.29	

85.60%
$	122,290.39

Net Percent Collected
Balance Remaining to Collect

Storey Drive COMMUNITY DEVELOPMENT DISTRICT

Special Assessment Bonds, Series 2022

Fiscal Year 2024
10/31/23
11/7/23

9
10

Poulos & Bennett, LLC Poulos & Bennett, LLC

Invoice #19-060(80) - Utility ownership coordination. Invoice #19-060(82) - Revision of District requisition costs.

$
$

82.50
742.50

Fiscal Year 2024
10/2/23
10/3/23
11/1/23
11/2/23

Interest Transfer from Reserve
Interest Transfer from Reserve

$
$
$
$

88.10
1,055.17
92.87
1,094.30

Project (Construction) Fund at 09/30/23 Interest Earned/Transferred Funds thru 11/30/23
Requisitions Paid thru 11/30/23

$
$
$

21,685.48
2,330.44
(825.00)

Remaining Project (Construction) Fund	$	23,190.92

TOTAL	$	2,330.44

TOTAL	$	825.00

Date	Requisition #	Contractor	Description	Requisition